Glasgow City Council has given the green light to sell off three plots of land for a major regeneration project on the banks of the River Clyde.
The council’s contract’s and property committee met last week to approve the disposal of the three sites close to the Tradeston pedestrian/cycle bridge for a total of £1.3 million.
The sale will allow the development of a major regeneration project that will deliver over 900,000 square feet of Grade A office space and over 300 new homes.
The site will be purchased by Drum Property Group, with work expected to begin in late 2018, with completion in three years.
The site in Tradeston offers huge potential as a location, with excellent connections such as the pedestrian/cycle bridge linking the area to the International Financial Services District and the wider city centre.
‘The disposal of these plots will enable a development bringing a huge amount of Grade A office space, new homes and new jobs to the city centre, as well as a contribution to the public purse,’ said city convener for neighbourhoods, housing and public realm, said Cllr Kenny McLean.
In April, New Start reported that Glasgow City Council had signed an agreement work £250m with Glasgow Housing Association (GHA) and Keepmoat Homes to deliver over 800 new homes in the city.
The residential development, in the Sighthill area of Glasgow, will feature 826 new homes (628 for sale, 198 for mid-market rent), retail units, a new community school campus as well as improved transport to the city centre.
The new mid-market rent homes will be built by Glasgow Housing Association (GHA) and let and managed by GHA’s partners in Wheatley Group, Lowther Homes.
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